.
Payday loan offices offer small short term loans to people, often just until their next pay check. These are people who are desperate and often have no other source of credit. The rates of interest can be breathtakingly high. As the interesting article on the subject in Wikipedia states: [in a study of US payday loans] the most frequent rate was $25 per $100, or 650% annual interest rate (APR) if the loan is repaid in two weeks. Low income people can become entrapped.
The practice is banned for being unconscionable usury in a minority of US states. Rules vary greatly among other states. Is this practice permitted where you live?
WHAT'S A BUMMER: a few readers suggested I take my messed up iPod to an Apple store to see if they could do something with it. I did that today. Their best guess is that the unit is okay but that there are corrupted files. They think the only way to fix it is to wipe the 40 GB of music on it and rebuild it from scratch. It's all from CDs, no downloads. Um. In my spare time.
TOMORROW: not sure. I'm thinking of going back to spring in Forest Park.
Payday loan offices offer small short term loans to people, often just until their next pay check. These are people who are desperate and often have no other source of credit. The rates of interest can be breathtakingly high. As the interesting article on the subject in Wikipedia states: [in a study of US payday loans] the most frequent rate was $25 per $100, or 650% annual interest rate (APR) if the loan is repaid in two weeks. Low income people can become entrapped.The practice is banned for being unconscionable usury in a minority of US states. Rules vary greatly among other states. Is this practice permitted where you live?
WHAT'S A BUMMER: a few readers suggested I take my messed up iPod to an Apple store to see if they could do something with it. I did that today. Their best guess is that the unit is okay but that there are corrupted files. They think the only way to fix it is to wipe the 40 GB of music on it and rebuild it from scratch. It's all from CDs, no downloads. Um. In my spare time.
TOMORROW: not sure. I'm thinking of going back to spring in Forest Park.
